REAL ESTATE TRANSACTION
3rd QUARTER/2011
No. 3
Official Statistics. Reproduction of these data is allowed provided the source is quoted.
Statistics and Census Service
Alameda Dr. Carlos d’Assumpção, No. 411- 417, Dynasty Plaza, 17th floor, Macao Tel: 8399 5311 Fax: 2830 7825
I. PRIVATE SECTOR CONSTRUCTION
In the third quarter of 2011, approvals were granted to the construction of buildings with a gross floor area of 303,210 square metres, which will provide a total of 1,942 units, 1,212 parking spaces for cars and 701 parking spaces for motorcycles upon completion.
Gross floor area of new buildings started totalled 228,884 square metres in the third quarter of 2011, which will provide 1,492 units, 863 parking spaces for cars and 534 parking spaces for motorcycles upon completion.
In the third quarter of 2011, gross floor area of buildings completed (including extensions) stood at 18,066 square metres, altogether providing 122 units, of which 107 are residential units, including 46 three-bedroom apartments; in addition, a total of 73 parking spaces for cars and 38 parking spaces for motorcycles were available.
Table 1 - Principal indicators of construction approvals, new buildings and completion of buildings
Construction approvals Construction of new buildings Completion of buildings 2010 2011 2010 2011 2010 2011 End-use
Q3 Q2 Q3 Q3 Q2 Q3 Q3 Q2 Q3
Gross floor area (m²) - total 50 685 7 303 303 210 22 260 28 438 228 884 241 248 476 380 18 066 Residential 30 101 6 416 189 154 13 487 3 197 136 366 22 065 33 555 10 243
Commercial 2 360 887 4 152 5 734 893 3 237 15 911 1 190 1 010
Office - - 312 - - - - 934 -
Industrial - - 739 - 9 060 - - - -
Others 18 225 - 108 853 3 040 15 288 89 281 203 273 440 701 6 813
Number of units - total 230 100 1 942 132 61 1 492 466 389 122
Residential 199 87 1 872 104 46 1 441 142 356 107
Commercial 27 13 53 27 12 43 314 19 13
Office - - 1 - - - - 9 -
Industrial - - 1 - 2 - - - -
Others 4 - 15 1 1 8 10 5 2
Parking spaces
For cars 171 - 1 212 64 - 863 804 969 73
For motorcycles 50 - 701 23 - 534 667 303 38
II. TRANSACTION OF BUILDING UNITS WITH STAMP DUTY RECORD Transaction of building units
In the third quarter of 2011, a total of 3,738 building units were purchased and sold at MOP9.62 billion per Stamp Duty record, down by 71.1% and 75.2% respectively quarter-to-quarter. Among them, 979 new units at MOP3.11 billion were still within the property tax exemption period, down by 86.6%
and 88.6% respectively quarter-to-quarter.
Analyzed by end-use, 2,194 residential units were purchased and sold at MOP5.92 billion, down by 73.4% and 82.2% respectively quarter-to-quarter; moreover, there were 336 commercial units, 278 office units, 36 industrial units and 861 parking spaces.
Analyzed by year of completion of the building, 696 residential units purchased and sold were completed in 2000 and after, 868 units in 1990-1999 and 630 units in 1989 and before.
As regards floor area of the unit, the majority (1,012) had an area of 50 to 99.9 square metres (46.1%
of total).
Table 2 - Transaction of building units by end-use
2010 2011 End-use
Q3 Q2 Q3
Number of units 5 838 12 921 3 738
Residential 3 649 8 255 2 194
Commercial 665 824 336
Office 83 278 278
Industrial 53 67 36
Parking spaces 1 345 3 446 861
Others 43 51 33
New buildings - subtotal 1 797 7 303 979
Old buildings - subtotal 4 041 5 618 2 759
Value (MOP million) 10 567 38 853 9 616
Residential 8 218 33 261 5 919
Commercial 1 383 3 229 1 816
Office 130 653 976
Industrial 110 # 329
Parking spaces 407 1 224 367
Others 320 # 209
New buildings - subtotal 4 917 27 412 3 114
Old buildings - subtotal 5 650 11 441 6 502
Coloane. Regarding the price of transaction, 407 residential units were sold for over MOP4,000,000; 656 units for over MOP2,000,000 to MOP4,000,000; 605 units for over MOP1,000,000 to MOP2,000,000;
and 526 units for MOP1,000,000 or less.
Graph 1 - Transaction of building units with Stamp Duty record
Average price of transaction
Residential units
The average transaction price of all residential units amounted to MOP36,345 per square metre of usable area in the third quarter of 2011, down by 17.9% quarter-to-quarter. The average price of those in the Macao Peninsula (MOP35,416), Taipa (MOP38,162) and Coloane (MOP61,893) decreased by 16.3%, 10.1% and 11.7% respectively quarter-to-quarter.
Analyzed by year of completion of the building, the average price of residential units completed in 2000 and after stood at MOP47,289 per square metre, down by 10.5% quarter-to-quarter; the price of those completed in 1990-1999 decreased slightly by 1.1% to MOP34,721 per square metre, and that of residential units completed in 1989 and before fell by 5.9% to MOP26,683 per square metre.
The average price of residential units with an area of 100 to 149.9 square metres decreased by 19.8%
quarter-to-quarter to MOP41,210 per square metre, those having 50 to 99.9 square metres decreased by 17.5% to MOP35,778 per square metre.
0 5 000 10 000 15 000 20 000 25 000 30 000
Q3 2009 Q4 Q1 2010 Q2 Q3 Q4 Q1 2011 Q2 Q3
0 1 000 2 000 3 000 4 000 5 000 6 000 7 000 8 000
Value of new buildings Value of old buildings
Units of new buildings Units of old buildings
Million MOP Number
Table 3 - Average transaction price per square metre of residential units in selected districts by year of building completion
MOP 2010 2011
Q3 Q2 Q3
Year of building completion District
Overall 2000 and after
1990 to 1999
1989 and before
Total of Macao 30 347 44 269 36 345 47 289 34 721 26 683
Macao Peninsula 29 517 42 296 35 416 48 970 34 262 26 404
Areia Preta e Iao Hon 21 887 32 586 31 455 29 021 37 239 26 216
NATAP 34 615 51 255 43 308 48 371 37 061 ~
Doca do Lamau 28 099 35 081 39 655 44 441 35 782 33 753 Horta e Costa e Ouvidor Arriaga 28 603 32 889 34 592 48 592 30 745 29 474
ZAPE 20 705 30 228 30 410 35 763 29 384 31 435
NAPE e Aterros da Baía da Praia Grande 58 820 76 634 60 393 69 795 41 940 # Barra / Manduco 23 058 36 663 30 180 49 322 29 157 24 285
Taipa 29 583 42 457 38 162 40 617 35 783 46 204
Jardins do Oceano e Taipa Pequena 31 888 45 435 36 629 ~ 36 119 # Baixa da Taipa 28 280 38 869 36 733 37 357 35 997 #
Coloane 64 087 70 098 61 893 73 544 31 934 ~
Graph 2 - Average transaction price per square metre of residential units by usable area
51 913 53 729
51 440
33 472
51 392
41 210 35 778 43 393
28 994 30 994
36 355
22 214 20 000
30 000 40 000 50 000 60 000
Q3 2010
Q4 Q1 2011
Q2 Q3
MOP
≧ 150 m 2 100 - 149.9 m2 50 - 99.9 m2 < 50 m2
The average transaction price of industrial units continued to rise in the third quarter of 2011, up by 25.1% quarter-to-quarter to MOP14,678 per square metre.
Table 4 - Average transaction price per square metre of industrial units by year of building completion
MOP Year of building completion
Year Quarter Industrial units
1990 to 1999 1989 and before
2010 6 962 7 822 6 589
1 6 526 6 601 6 483
2 6 712 8 422 6 079
3 6 998 9 072 6 537
4 8 049 8 813 7 604
2011
1 10 572 14 207 10 263
2 11 734 14 122 10 648
3 14 678 15 743 14 252
In the third quarter of 2011, the average price of office units decreased by 7.1% quarter-to-quarter to MOP34,011 per square metre.
Table 5 - Average transaction price per square metre of office units in selected districts
MOP Year Quarter Total of Macao ZAPE NAPE e Aterros da
Baía da Praia Grande Baixa de Macau
2010 22 857 22 213 23 415 21 435
1 23 740 18 869 28 486 23 186
2 22 169 16 896 22 252 28 838
3 23 374 18 839 27 940 16 305
4 27 078 32 046 27 802 25 801
2011
1 27 700 27 393 30 819 #
2 36 618 35 277 37 909 32 506
3 34 011 23 937 35 200 32 004
III. REAL ESTATE CONTRACTS AND MORTGAGE CONTRACTS
There were 2,262 cases of real estate sale and purchase contracts made in private and public notary offices in the third quarter of 2011, down by 35.8% quarter-to-quarter, and the number of units dropped by 29.5% to 3,032.
In the third quarter of 2011, there were 2,352 cases of mortgage contracts signed. Among them, 1,884 were residential mortgages, a decrease of 24.4% quarter-to-quarter.
Table 6 - Real estate contracts and mortgage contracts
Mortgage contract Type of real estate Real estate contract
Building unit Year Quarter
Number of notarized deeds
Number of real estate
Total
Sub-total Residential1 Commercial and office
Other building
units
Others2
2010 12 707 16 128 10 284 10 183 8 500 778 905 101
1 3 370 4 307 2 716 2 688 2 235 178 275 28
2 3 353 4 572 2 685 2 668 2 284 198 186 17
3 2 717 3 287 2 238 2 214 1 844 180 190 24
4 3 267 3 962 2 645 2 613 2 137 222 254 32
2011
1 3 181 4 382 2 570 2 543 2 016 249 278 27
2 3 522 4 301 3 129 3 106 2 491 288 327 23
3 2 262 3 032 2 352 2 319 1 884 238 197 33
Notes: 1. Including mortgages on residential units with carpark(s).
2. Including mortgages on land, buildings and combined types of real estate.
EXPLANATORY NOTES
1. Real estate: Including land, buildings and building units.
2. Building units: Including residential, commercial, office and industrial units, parking spaces, hotel and other units.
3. New buildings: Refer to building units entitled to property tax exemption, as stipulated in a) and b) of item 1 of Article 9 of the Regulation of Urban Property Tax, which prescribes the following as new buildings: 1) In the Macao Peninsula, not exceeding four years after completion for residential and/or commercial units, and not exceeding five years for industrial units. 2) In the Islands, not exceeding six years after completion for residential and/or commercial units, and not exceeding ten years for industrial units.
4. Intermediate transfer of title: A real estate transaction whose full transfer of ownership has not been completed. For taxation purposes, payment of 0.5% of Stamp Duty gives legal effects to the respective transaction.
5. Information on transaction of building units covers units with Stamp Duty paid in the reference period, while data of the Financial Services Bureau refers to residential units with application for payment of Stamp Duty made in the reference period; hence, direct comparison of data is inappropriate.
6. Transaction of residential units includes those that were exempt from payment of Stamp Duty.
7. Average transaction price of building units covers building units with Stamp Duty paid in the reference period, excluding gift of property, inheritance, transfer of partial ownership of property, etc. cases bearing peculiar transaction prices.
~ No figure provided MOP Macao Pataca
# Confidential data
The following statistical tables are available for download from DSEC website:
1. Construction of residential units started by type of unit - private sector construction 2. Completion of residential units by type of unit - private sector construction
3. Notarial deeds by institution
4. Real estate transactions by notarial deed 5. Real estate mortgages by notarial deed 6. Real estate transactions by end-use
7. Real estate transactions by location, value and type of real estate 8. Real estate transactions by value of real estate and mortgage status
9. Real estate transactions with mortgage credits and value of mortgage, by type of mortgage, value of credit and type of real estate
10. Building units transactions with mortgage credits and value of mortgage, by type of mortgage, value of credit and end-use of building unit
11. Real estate transactions by value of real estate, legal nature and place of residence of buyer and seller 12. Real estate mortgages by type of mortgage, value of credit and type of real estate
13. Real estate mortgages by type of mortgage, value of credit and end-use of building unit
14. Real estate mortgages not involving real estate transaction by type of mortgage, value of credit, location and type of real estate
15. Real estate mortgages by type of mortgage, value of credit, legal nature and place of residence of borrower 16. Average price per square metre of residential units purchased and sold, by district per Stamp Duty record 16B. Average price per square metre of residential units purchased and sold, by district per Stamp Duty record
(excluding intermediate transfer of title and units scheduled for re-evaluation)
17. Average price per square metre of residential units purchased and sold, by year of building completion per Stamp Duty record
17B.Average price per square metre of residential units purchased and sold, by year of building completion per Stamp Duty record (excluding intermediate transfer of title and units scheduled for re-evaluation)
18. Average price per square metre of residential units purchased and sold, by usable area per Stamp Duty record 18B.Average price per square metre of residential units purchased and sold, by usable area per Stamp Duty record
(excluding intermediate transfer of title and units scheduled for re-evaluation)
19. Average price per square metre of industrial units purchased and sold, by year of building completion per Stamp Duty record
20. Average price per square metre of office units purchased and sold, by major district per Stamp Duty record 21. Purchase and sale of residential units by major district and year of building completion per Stamp Duty record 22. Purchase and sale of residential units by major district and usable area per Stamp Duty record
23. Purchase and sale of residential units by major district and value of transaction per Stamp Duty record
The following tables are available in the Monthly Bulletin of Statistics of DSEC Table 40 - Buildings completed – private sector
Table 41 - Units and area of buildings completed – private sector Table 42 - Buildings started – private sector
Table 43 - Units and area of buildings started – private sector
Table 44 - Units and gross floor area of buildings completed – private sector Table 45 - Units and gross floor area of buildings started – private sector Table 46 - Building units sold as per Stamp Duty record
Table 47 - Value of building units sold as per Stamp Duty record
Table 48 - Number of buyers of transacted building units by end-use of unit and buyer's status as per Stamp Duty record
Table 49 - Value of transacted building units by end-use of unit and buyer's status as per Stamp Duty record Table 53 - Deeds notarized by type
Table 54 - Transactions of real estate by declared value Table 55 - Mortgage loans by credit value
SOURCES – Lands, Public Works and Transport Bureau Financial Services Bureau
1st Notary Office, 2nd Notary Office, Notary Office of the Islands and private notary offices
ACCESS TO STATISTICAL INFORMATION
Further information can be obtained from the Documentation and Information Centre of DSEC:
Alameda Dr. Carlos d´Assumpção, No. 411-417, Dynasty Plaza, 17th floor,
Macao
Tel. : 8399 5311 Fax : 2830 7825
E-mail: info@dsec.gov.mo Website: www.dsec.gov.mo
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